European Union finance ministers agreed on a 540 billion-euro ($590 billion) package of measures to combat the economic fallout of the coronavirus pandemic, papering over differences that have thrown into question the EU’s future integrity.
In an emergency teleconference on Thursday, the bloc’s finance chiefs approved a plan to stave off what’s expected to be a recession of unprecedented size. The deal will lay to rest — at least for now — concerns that the EU was incapable of uniting behind a common strategy when it was most urgently needed.
